Former FDIC lawyer who once worked in BigLaw pleads guilty in child-exploitation case
ABA Journal Daily News
FDIC: Fewer Problem banks, Residential REO Declined in Q1
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FDIC Clarifies Supervisory Expectations for Abandoned Foreclosures
On March 2, 2016, the FDIC issued clarification of their supervisory expectations of financial institutions’ risk management policies concerning the discontinuation of foreclosure proceedings, commonly referred to as “abandoned foreclosures.” Financial Institutions must establish a policy and procedure for when such decisions to abandon a foreclosure are made which address the negative impact on the […]
FDIC Addresses Risk Management Practices for Discontinued Foreclosure Proceedings
The Federal Deposit Insurance Corporation has issued guidance to banks on how to handle discontinued foreclosures, with the goal of minimizing the impact that such discontinued proceedings will have on properties and affected neighborhoods. The guidance is set forth in a Financial Institution Letter clarifying supervisory expectations for a financial institution’s risk management practices regarding […]